Yum China stock falls as fast-food chain in China reports lower sales

Shares of Yum China Holdings Inc. dropped more than 3% in the extended session Monday after the operator of KFC, Pizza Hut and other fast-food brands in...

Shares of Yum China Holdings Inc.

dropped more than 3% in the extended session Monday after the operator of KFC, Pizza Hut and other fast-food brands in China reported lower-than-expected second-quarter revenue and seemed to temper investors’ expectations for its third quarter. Yum China earned $197 million, or 47 cents a share, in the quarter, compared with $83 million, or 20 cents a share, in the year-ago period. Revenue rose 25% to $2.65 billion, the company said.

dropped more than 3% in the extended session Monday after the operator of KFC, Pizza Hut and other fast-food brands in China reported lower-than-expected second-quarter revenue and seemed to temper investors’ expectations for its third quarter. Yum China earned $197 million, or 47 cents a share, in the quarter, compared with $83 million, or 20 cents a share, in the year-ago period. Revenue rose 25% to $2.65 billion, the company said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia shares up as China talks stimulus; Japanese yields a risk By Reuters⚠️BREAKING: *ASIA STOCKS JUMP ACROSS THE REGION TO START THE WEEK AMID CHINA STIMULUS HOPES 🇯🇵🇦🇺🇨🇳🇭🇰🇰🇷🇮🇩🇮🇳
Read more »

LeBron James shares video of son Bronny smiling, playing piano days after cardiac arrestBronny James, an incoming freshman for the USC basketball team, appeared to be in good spirits as he played the piano in an Instagram video posted by his NBA superstar father.
Read more »

Update: TWICE’s Jihyo Shares New Sneak Peek Of Solo Debut Track “Killin’ Me Good”WATCH: TWICE's Jihyo Shares New Sneak Peek Of Solo Debut Track 'Killin' Me Good'
Read more »

Anthony Mackie Shares His Twisted Metal Season 2 Hopes After Video Game Show's Cliffhanger EndingAnthony Mackie shares his Twisted Metal season 2 hopes, detailing what could come next after that cliffhanger ending of the Peacock series.
Read more »

Charles Hoskinson Explains Why He Does Not Have Public Cardano Wallet.IOHK_Charles, the founder of Cardano, defends his decision not to have a public wallet
Read more »